Pearson eText for Engineering Economy -- Instant Access (Pearson+)
Pearson eText for Engineering Economy -- Instant Access (Pearson+)
17th Edition
ISBN: 9780137533138
Author: William Sullivan, Elin Wicks
Publisher: PEARSON+
Question
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Chapter 2, Problem 31P

a.

To determine

The amount that will be saved.

b.

To determine

Wheter the product will be used in the automobile when it is sold for $19.95.

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If you rent a car, you can (1) return it with a full gas tank, (2) return it without filling it and pay $2.75/gallon, or (3) accept a fixed price of $35 for gas. The local price is $3.00/gallon for gasoline, and you expect this car to get 30 miles per gallon. The car has a 15-gallon tank. What choice should you make if you expect to drive 450 miles? Please explain how to solve. Thank you
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Comment on the effectiveness of higher fuel prices as a means of reducing car use
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